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APRIL 13, 2018 | 7:25PM MYT | KUALA LUMPUR
Manulife Asset Management Services Bhd (MAMSB) today announced the launch of the Manulife Investment Shariah Progress Plus Fund, specifically designed for investors seeking diversified Shariah-compliant equity opportunities within the booming economy in the Asia Pacific region.
The fund can invest up to 30 per cent of its net asset value (NAV) in Shariah-compliant equities in regional markets, including but not limited to Malaysia, Australia, China, Hong Kong, Indonesia, New Zealand, the Philippines, Singapore, South Korea, Japan, Taiwan and Thailand.
It has a similar investment strategy to the Manulife Investment Shariah Progress Fund which taps into increasing growth opportunities of Shariah-compliant companies, but features wider exposure to the broader Asia Pacific region.
“The new fund is designed to provide investors access to the vast Islamic equity investment opportunities in the region’s small to medium sized companies,” said Jason Chong, chief executive officer and executive director of MAMSB.
The fund’s investments mainly comprise a diversified portfolio of Malaysian Shariah-compliant equities, with emphasis on the high growth potential of smaller companies which in aggregate tend to grow faster than larger companies.
In addition to investment diversification, the fund seeks to gain exposure to the small and mid-cap companies which offer more attractive valuation, as well as those holding a niche position in global supply chains.
The Manulife Investment Shariah Progress Plus Fund will be priced at RM0.25 per unit during the initial offer period from 13 April 2018 – 3 May 2018 (21 days).
The minimum initial investment for Manulife Investment Shariah Progress Plus Fund is RM1,000 while the minimum additional investment is RM500.
Copyright New Straits Times
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